Olive Garden owner to buy Tex-Mex chain Chuy's

• It also comes as consumers are losing some interest in casual dining.

By the numbers: Chuy's operates over 100 full-serve restaurants in 15 states, generating $31.5 million in profit on $464 million in 2023 revenue.

• The $37.50 per share purchase price represents a 48.4% premium to yesterday's closing trades.
• The deal, which includes a 30-day "go shop," is Darden's largest purchase since paying $715 million last year for the parent company of Ruth's Chris steakhouses.